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    June Market Update 2024 | Northbrook Real Estate Market Analysis | Northbrook Real Estate Update

     

    Average Sales Price
    $653,615 | +3.7%

    Market Time
    38 | -9.5%

    Last List Price to Closed Price
    99.7% | +0.9%

    Month’s Supply of Homes
    1.4 | -22.2%

    Homes for Sale
    69 | -38.4%

    New Listings
    787 | -19.6%

    Interest Rates 6.99%. We expect them to modestly decline the rest of this year.

    Over the past two weeks in Northbrook, I’ve observed that multiple offers remain the norm. Buyers are beginning to feel fatigued by sellers’ deadlines, yet they still anticipate strong interest from numerous buyers when well-priced new listings hit the market.

    The good news is that I’ve had seller discussions creating “conditional inventory” for the future and won bidding wars. Let’s connect to design your game plan!

     

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